Bear Time

I have put on my bear suit. I gave the bulls as much time as they needed to jam up this market.  With the struggle to overcome 1100 and the negative divergences in breadth and crude oil, I am looking for a turn.  The only drawback is that I didn't see the kind of enthusiasm that I like to see when we were around 1100.  Sure, the put call ratios were low and there was some complacency, but I didn't see the heavy volume turnover that I like to see for a longer lasting top.  Thus, I expect the weakness to last for only about 3 or 4 days.  I am projecting a gap down on Monday kicking off next week.